Telos (NASDAQ:TLS) Downgraded to Hold at Zacks Investment Research


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Telos (NASDAQ:TLS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Telos Corporation is a provider of cyber, cloud and enterprise security solutions for the security-conscious organizations. Telos Corporation is based in ASHBURN, Va. “

Several other equities research analysts have also issued reports on TLS. Needham & Company LLC increased their target price on shares of Telos from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Thursday, April 1st. Wedbush raised their price objective on Telos from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Thursday, April 1st. BMO Capital Markets upped their target price on Telos from $24.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, March 26th. Colliers Securities began coverage on shares of Telos in a research note on Monday, December 14th. They issued a “buy” rating and a $29.00 price target on the stock. Finally, B. Riley boosted their price target on shares of Telos from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, March 26th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Telos currently has an average rating of “Buy” and a consensus target price of $41.88.

Shares of TLS stock opened at $34.46 on Thursday. Telos has a 52-week low of $18.08 and a 52-week high of $41.84. The company has a 50-day moving average of $34.34.

In other news, CEO John B. Wood sold 963,154 shares of the company’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $33.00, for a total transaction of $31,784,082.00. Following the sale, the chief executive officer now owns 3,695,563 shares of the company’s stock, valued at $121,953,579. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bernard C. Bailey sold 35,712 shares of Telos stock in a transaction on Thursday, April 1st. The shares were sold at an average price of $33.00, for a total value of $1,178,496.00. Following the completion of the transaction, the director now owns 48,861 shares of the company’s stock, valued at $1,612,413. The disclosure for this sale can be found here. Insiders sold 2,946,628 shares of company stock valued at $97,238,724 over the last ninety days.

A number of large investors have recently modified their holdings of TLS. Hood River Capital Management LLC purchased a new stake in Telos during the 4th quarter worth about $59,484,000. Victory Capital Management Inc. acquired a new position in Telos in the fourth quarter valued at approximately $42,853,000. Lord Abbett & CO. LLC acquired a new position in Telos in the fourth quarter valued at approximately $17,731,000. Whetstone Capital Advisors LLC purchased a new position in Telos in the fourth quarter valued at approximately $13,644,000. Finally, Pier Capital LLC acquired a new stake in Telos during the fourth quarter worth approximately $12,757,000.

About Telos

Telos Corporation, together with its subsidiaries, provides information technology (IT) solutions and services worldwide. It provides Xacta, a premier platform for enterprise cyber risk management and security compliance automation solutions to large commercial and government enterprises; and Telos Ghost, a solution to eliminate cyber-attack surfaces by obfuscating and encrypting data, masking user identity and location, and hiding network resources, as well as provides security and privacy for intelligence gathering, cyber threat protection, securing critical infrastructure, and protecting communications and applications.

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